Potential Identified For Large Well-Mineralised Gold System
Musgrave Minerals Ltd (ASX: MGV) has obtained strong assay results from reverse circulation (RC) drilling at the Big Sky prospect along the new gold corridor south-west of Lena on its 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district.
Broad spaced (100-200m) first pass RC drilling has identified thick regolith gold mineralisation within the extensive 2.6km-long aircore gold anomaly at Big Sky.
Managing Director, Rob Waugh, said the gold mineralisation remains open to the north and south and down dip. RC drilling is continuing.
“The RC drilling has confirmed the potential for significant gold mineralisation at Big Sky and the possibility of a number of higher-grade zones within the broader anomalous trend,” Mr Waugh said.
“Drill traverse line spacing remains at more than 100m for much of the target area and assays are pending for more than 50 RC drill holes. The mineralisation is masked from surface by a thin veneer of transported hardpan cover.
“The near surface nature of the oxide, regolith gold mineralisation is expected to be favourable for open-cut mining.
“Regional drilling will continue with the aim of defining discrete higher-grade zones for resource definition.”
RC drilling south-west of Lena within the new 7km-long gold corridor has continued to intersect significant gold mineralisation below thin transported cover (1-20m) in areas not drilled by previous explorers. The Big Sky gold anomaly is defined over 2.6km of continuous strike where it remains open to the north and south.
RC drilling is currently underway to test the continuity, grade and down dip extent of the mineralisation in oxide and fresh basement rock. The Big Sky Prospect is approximately 2km south- west of Break of Day and the broad 2.6km anomaly remains open to the north and south where further drilling is planned.
Musgrave will undertake infill and resource definition drilling on the higher-grade zones within the broader Big Sky prospect at the completion of the current broad spaced drilling programme.
Six-metre composite samples have been analysed from 24 RC drill holes in the current program at Big Sky with initial holes spaced at 100m to 200m traverse lines. Significant new intersections include:
- 84m @ 1.4g/t Au from 24m, including 12m @ 6.6g/t Au from 66m
- 42m @ 1.1g/t Au from 30m
- 36m @ 1.2g/t Au from 30m
- 12m @ 1.7g/t Au from 108m to EOH
- 6m @ 2.6g/t Au from 48m
- 24m @ 0.9g/t Au from 72m
- 6m @ 1.5g/t Au from 48m.
For further information please visit: https://musgraveminerals.com.au/
